Postal Realty (PSTL) CFO reports 67,138 LTIP unit grants

Postal Realty Trust (PSTL) filed a Form 4 for its EVP & CFO reporting equity awards dated 11/05/2025.

Rhea-AI Filing Summary

Postal Realty Trust (PSTL) filed a Form 4 for its EVP & CFO reporting equity awards dated 11/05/2025. The filing lists two grants totaling 67,138 LTIP Units. One grant of 33,569 LTIP Units was issued in lieu of cash compensation, with the price based on the 10‑day VWAP of Class A common stock at $14.8945, and vests on December 31, 2026, subject to conditions. A separate grant of 33,569 LTIP Units has a stated price of $0 and vests on October 27, 2033, subject to conditions. LTIP Units are convertible into OP Units, which are redeemable for cash or, at the issuer’s election, Class A common stock on a one‑for‑one basis; LTIP Units have no expiration date.

Insider Trade Summary

Grant/Award: 67,138 shares

Grant/Award 2 txns

Insider Bakke Stephen Michael

Role EVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	33,569	$14.8945	$500K
Grant/Award	LTIP Units	33,569	$0.00	$0.00

Holdings After Transaction: LTIP Units — 67,138 contracts (Direct)

Footnotes (5)

1. F1. Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units of Postal Realty LP (the "Operating Partnership") ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of Postal Realty Trust, Inc. (the "Issuer"), shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.
2. F2. Reflects LTIP Unit grants in lieu of cash compensation that vest on December 31, 2026, subject to certain conditions.
3. F3. The LTIP Units are a class of limited partnership units of the Operating Partnership.
4. F4. The LTIP Units were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the volume weighted average price of the Issuer's Class A common stock for the 10 trading days immediately preceding November 5, 2025, which was $14.8945.
5. F5. Reflects LTIP Units that vest on October 27, 2033, subject to certain conditions.

FAQ

What did PSTL’s CFO report on Form 4?

Two LTIP Unit grants on 11/05/2025 totaling 67,138 units.

How many LTIP Units were granted and on what terms?

Two grants of 33,569 LTIP Units each; one priced at $14.8945 based on a 10‑day VWAP, and one at $0.

What are the vesting dates for the LTIP Units?

One grant vests on December 31, 2026; the other vests on October 27, 2033, each subject to conditions.

Why was the price $14.8945 for one grant?

It reflects the volume-weighted average price of PSTL Class A common stock for the 10 trading days immediately preceding November 5, 2025.

What can LTIP Units convert into?

They convert into OP Units, redeemable for cash or, at the issuer’s election, Class A common stock on a one‑for‑one basis.

Do LTIP Units have an expiration date?

No. The filing states LTIP Units do not have expiration dates.

Is one grant in lieu of cash compensation?

Yes. A 33,569 LTIP Unit grant was issued in lieu of cash compensation and vests on December 31, 2026.

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Accepted by SEC EDGAR 11/06/2025 - 04:10 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bakke Stephen Michael

(Last) (First) (Middle)

C/O POSTAL REALTY TRUST, INC.

75 COLUMBIA AVE

(Street)

CEDARHURST NY 11516

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Postal Realty Trust, Inc. [ PSTL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units(1)(2)(3)	(1)	11/05/2025		A		33,569		(2)	(1)	Class A common stock	33,569	$14.8945(4)	33,569	D
LTIP Units(1)(3)(5)	(1)	11/05/2025		A		33,569		(5)	(1)	Class A common stock	33,569	$0(5)	67,138	D

Explanation of Responses:

1. Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units of Postal Realty LP (the "Operating Partnership") ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of Postal Realty Trust, Inc. (the "Issuer"), shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

2. Reflects LTIP Unit grants in lieu of cash compensation that vest on December 31, 2026, subject to certain conditions.

3. The LTIP Units are a class of limited partnership units of the Operating Partnership.

4. The LTIP Units were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the volume weighted average price of the Issuer's Class A common stock for the 10 trading days immediately preceding November 5, 2025, which was $14.8945.

5. Reflects LTIP Units that vest on October 27, 2033, subject to certain conditions.

Remarks:

	/s/ Joseph Antignani, attorney-in-fact	11/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.